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S&P Global maintains Greece credit rating at BBB with stable outlook
S&P Global Ratings has affirmed Greece's credit rating at the investment grade level of BBB with a stable outlook. The agency confirmed both long-term and short-term creditworthiness in local and foreign currencies at BBB/A-2.
The assessment highlights Greece's strong economic and fiscal performance, driven by tourism, increased investment, and reforms enhancing tax compliance. S&P projects a primary budget surplus of 3.8% of GDP in 2026, exceeding initial government targets. The agency also anticipates a general government surplus of 0.8% of GDP for the current year, supported by strong VAT revenues and declining unemployment.
While the outlook is stable, S&P noted that high levels of public and external debt, along with external imbalances, remain key challenges. The agency indicated that a future upgrade could occur if external imbalances improve sustainably, such as through reduced dependence on imports or a significant reduction in external debt. Net public debt is estimated to reach 123% of GDP by the end of this year, a 40-percentage-point improvement compared to the end of 2019, with a projected decline to 107% by 2029.
Entities
European Central Bank · Fitch Ratings · Greece · Moody's · S&P Global Ratings
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] General government debt is estimated to be 123% of GDP by the end of the year.
- [● 3 SOURCES] The state budget is approximately €1.1 billion above target as of August. www.fortunegreece.com · www.cnn.gr
- [● 4 SOURCES] S&P Global Ratings affirmed Greece's credit rating at BBB. www.fortunegreece.com · www.sofokleousin.gr · www.cnn.gr
- [● 2 SOURCES] Average surpluses for 2027–2029 are projected to be 0.2% of GDP. www.cnn.gr
- [● 3 SOURCES] The government is expected to exceed fiscal targets in 2026. www.fortunegreece.com · www.cnn.gr
- [● 2 SOURCES] The general government budget surplus for this year is projected at 0.8% of GDP. www.cnn.gr
- [● 4 SOURCES] The outlook for Greece's credit rating is stable. www.fortunegreece.com · www.sofokleousin.gr · www.cnn.gr
- [● 2 SOURCES] The primary surplus for this year is projected at 3.8% of GDP. www.cnn.gr